Please use this identifier to cite or link to this item: http://hdl.handle.net/10995/75736
Title: Value-based management architecture in energy companies
Authors: Gitelman, L. M.
Issue Date: 2014
Publisher: WITPress
Citation: Gitelman L. M. Value-based management architecture in energy companies / L. M. Gitelman // WIT Transactions on Ecology and the Environment. — 2014. — Vol. 190 VOLUME 1. — P. 55-59.
Abstract: The purpose of this research is to create a concept hierarchical model demonstrating the levels of value-based management in power companies. Basic determinants and conditions are taken into account, the most important ones being the long-term "rules of the game" set by the state for the electric power industry. The next tier identifies factors that make up the intrinsic (fundamental) value of a company. The following are viewed as priority areas: strategic activities that take account of the owners' interests; implementation of effective investment programmes; building a suitable evaluation system for managerial decisions; transformation of the management structure with business units being established that focus on making value-based decisions. No less important is the "superstructure" of a company's intrinsic value that is determined by the stock market situation. This tier is the most volatile in terms of business valuation, but it also provides for a set of actions to be taken in order to meet investors'interests in higher market capitalization. The impact of the identified factors on the effectiveness of value-based management was tested within the framework of the designed model in a number of energy companies between 2000 and 2013. © 2014 WIT Press.
Keywords: CONCEPTUAL MODEL OF VALUE-BASED MANAGEMENT
ELECTRIC POWER COMPANIES
INVESTMENT APPEAL
CORPORATE STRATEGY
ELECTRICITY INDUSTRY
IMPLEMENTATION PROCESS
INDUSTRIAL INVESTMENT
INDUSTRIAL STRUCTURE
MANAGEMENT
POWER GENERATION
STOCK MARKET
URI: http://hdl.handle.net/10995/75736
metadata.dc.rights: info:eu-repo/semantics/openAccess
Conference name: 1st International Conference on Energy Production and Management in the 21st Century: The Quest for Sustainable Energy
Conference date: 23 April 2014 through 25 April 2014
SCOPUS ID: 84897857334
PURE ID: 378373
ISSN: 1743-3541
DOI: 10.2495/EQ140071
metadata.dc.description.sponsorship: International Journal of Safety and Security Engineering;International Journal of Sustainable Development and Planning;WIT Transactions on Ecology and the Environment
Appears in Collections:Научные публикации, проиндексированные в SCOPUS и WoS CC

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